Cambridge Investment Research Advisors Inc. Cuts Position in Franklin High Yield Corporate ETF (BATS:FLHY)

Cambridge Investment Research Advisors Inc. cut its stake in Franklin High Yield Corporate ETF (BATS:FLHY) by 6.2% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 35,849 shares of the company’s stock after selling 2,351 shares during the period. Cambridge Investment Research Advisors Inc. owned about 0.14% of Franklin High Yield Corporate ETF worth $854,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Prentice Wealth Management LLC lifted its stake in Franklin High Yield Corporate ETF by 2.2% in the first quarter. Prentice Wealth Management LLC now owns 761,014 shares of the company’s stock worth $18,135,000 after purchasing an additional 16,430 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its stake in Franklin High Yield Corporate ETF by 3.5% in the first quarter. Dynamic Advisor Solutions LLC now owns 654,808 shares of the company’s stock worth $15,604,000 after purchasing an additional 22,363 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Franklin High Yield Corporate ETF by 32.5% in the fourth quarter. Ameriprise Financial Inc. now owns 356,917 shares of the company’s stock worth $8,521,000 after purchasing an additional 87,575 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Franklin High Yield Corporate ETF by 26.5% in the fourth quarter. Wells Fargo & Company MN now owns 233,752 shares of the company’s stock worth $5,580,000 after purchasing an additional 48,990 shares during the last quarter. Finally, Cetera Investment Advisers lifted its stake in Franklin High Yield Corporate ETF by 57.1% in the fourth quarter. Cetera Investment Advisers now owns 219,891 shares of the company’s stock worth $5,249,000 after purchasing an additional 79,924 shares during the last quarter.

Franklin High Yield Corporate ETF Price Performance

Franklin High Yield Corporate ETF stock opened at $24.26 on Monday. Franklin High Yield Corporate ETF has a twelve month low of $22.64 and a twelve month high of $24.53. The firm has a fifty day simple moving average of $23.96 and a two-hundred day simple moving average of $23.88.

Franklin High Yield Corporate ETF Company Profile

The Franklin High Yield Corporate ETF (FLHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is actively managed portfolio of global high-yield corporate debt. The fund seeks high current income, with capital appreciation as a secondary goal. FLHY was launched on May 30, 2018 and is managed by Franklin Templeton.